Gail is trading at a resistance of an upper trendline in a falling price channel.
Today Gail did break the falling trendline and now giving up gains, creating a long wick.
Gail is in a bear market of its own. Gail already corrected over 45% from a high of 200 to a low of 110 in the past 18 months.
The trend being downward, it's wise to sell on rallies.
Short 125.50
Stop 128.50 ( Today's High)
Target 100
RISK/REWARD 8:1
Today Gail did break the falling trendline and now giving up gains, creating a long wick.
Gail is in a bear market of its own. Gail already corrected over 45% from a high of 200 to a low of 110 in the past 18 months.
The trend being downward, it's wise to sell on rallies.
Short 125.50
Stop 128.50 ( Today's High)
Target 100
RISK/REWARD 8:1
Trade closed: stop reached:
Gail Stop-loss Hit.
